Herd behavior in weight-driven information spreading models for financial market

We study two weight-driven information spreading models for financial market. In these models, we find that the activity threshold below which the ‘financial crash’ occurs can be increased by uneven distribution of information weight, compared with Eguíluz and Zimmermann model [V.M. Eguíluz, M.G. Zimmermann, Phys. Rev. Lett. 85 (2000) 5659]. We also find that below the threshold the normalized return distribution, P(Z;Δt) satisfies P(Z=0;Δt)∼exp(−Δt/b) whereas P(Z=0;Δt)∼Δt^−τ above the threshold. Here Δt is the time interval where the normalized return is defined, Z(t,Δt)=Z(t+Δt)−Z(t). By approximating the relative increase of P(Z;Δt=1) for large Z as Gaussian distribution with non-zero mean, we show that the non-zero mean of the Gaussian distribution can cause such exponentially decaying behavior of P(Z=0;Δt).     

A triangle model of criminality

This paper is concerned with a quantitative model describing the interaction of three sociological species, termed as owners, criminals and security guards, and denoted by X, Y and Z respectively. In our model, Y is a predator of the species X, and so is Z with respect to Y. Moreover, Z can also be thought of as a predator of X, since this last population is required to bear the costs of maintaining Z.We propose a system of three ordinary differential equations to account for the time evolution of X(t), Y(t) and Z(t) according to our previous assumptions. Out of the various parameters that appear in that system, we select two of them, denoted by H, and h, which are related with the efficiency of the security forces as a control parameter in our discussion. To begin with, we consider the case of large and constant owners population, which allows us to reduce (3), (4) and (5) to a bidimensional system for Y(t) and Z(t). As a preliminary step, this situation is first discussed under the additional assumption that Y(t)+Z(t) is constant. A bifurcation study is then performed in terms of H and h, which shows the key role played by the rate of casualties in Y and Z, that results particularly in a possible onset of bistability. When the previous restriction is dropped, we observe the appearance of oscillatory behaviours in the full two-dimensional system. We finally provide a exploratory study of the complete model (3), (4) and (5), where a number of bifurcations appear as parameter H changes, and the corresponding solutions behaviours are described.     

Topological and morphological transformations of developing singular paraxial vector light fields

The paper is devoted to establishment of the real-time topological and morphological dynamics of generic developing paraxial elliptic speckle fields generated and driven by the system ‘laser beam + photorefractive crystal LiNbO₃:Fe’. Generic space-time development of full gamut of polarization ellipse parameters (ellipticity, azimuth, morphology of C points, optical diabolos and handedness) and their combination in fixed beam cross-section was measured in details by the elaborated quick-action real-time Stokes-polarimetry. Whole field irreversible evolution is fulfilled through totality of random space/time C point pair nucleation/annihilation. The ‘life-story’ of C point and optical diabolo pairs is realized through ‘local topological/morphological transition’ with fully reversible scenario. It starts from smooth fragment of speckle field by formation of pre-nucleation local structure and finishes by after-annihilation local structure which decays to another smooth structure. Scenarios of star-monstar pair nucleation/annihilation and monstar  ↔  lemon transformation were established. Measured statistics of C point and diabolo morphological forms was in excellent agreement with theory predictions. All allowed scenarios of diabolo pair ‘life-story’ started/finished as star-hyperbolic monstar-hyperbolic pair were measured. Evolution of polarization ellipses handedness is implemented through L contours movement and reconnection with a saddle as the catalyst. Reconnection of L contour peninsula leads to birth of closed L contour delimiting island of fixed handedness ellipses with/without C points. Elaborated approach and presented results start the dynamic singular optics of time-dependent vector light fields.     

Dynamical role of the degree of intraspecific cooperation: A simple model for prebiotic replicators and ecosystems

We present a simple mean field model to analyze the dynamics of competition between two populations of replicators in terms of the degree of intraspecific cooperation (i.e., autocatalysis) in one of these populations. The first population can only replicate with Malthusian kinetics while the second one can reproduce with Malthusian or autocatalytic replication or with a combination of both reproducing strategies. The model consists of two coupled, nonlinear, autonomous ordinary differential equations. We investigate analytically and numerically the phase plane dynamics and the bifurcation scenarios of this ecologically coupled system, focusing on the outcome of competition for several degrees of intraspecific cooperation, σ, in the second population of replicators. We demonstrate that the dynamics of both populations can not be governed by a limit cycle, and also that once cooperation is considered, the topology of phase space does not allow for coexistence. Even for low values of the degree of intraspecific cooperation, for large enough autocatalytic replication rates, the second population of replicators is able to outcompete the first one, having a wide basin of attraction in state space. We characterize the same power law dependence between the outcompetition extinction times, τ, and the degree of intraspecific cooperation for both populations, given by τ∼c_iσ⁻¹. Our results suggest that, under some kinetic conditions, the appearance of autocatalysis might be favorable in a population of replicators growing with Malthusian kinetics competing with another population also reproducing exponentially.     

The existence of negative absolute temperatures in Axelrod’s social influence model

We introduce the concept of temperature as an order parameter in the standard Axelrod’s social influence model. It is defined as the relation between suitably defined entropy and energy functions, T=(∂S/∂E)⁻¹. We show that at the critical point, where the order/disorder transition occurs, this absolute temperature changes in sign. At this point, which corresponds to the transition homogeneous/heterogeneous culture, the entropy of the system shows a maximum. We discuss the relationship between the temperature and other properties of the model in terms of cultural traits.     

Switching an electrical current with atoms: the reproducible operation of a multi-atom relay

The demonstration of a multi-atom quantum point contact relay is reported, which can be reversibly switched between a quantized conducting ‘on-state’ and an insulating ‘off-state’ by applying an electrochemical control potential to a separate, third electrode, the control or gate electrode. The transition occurs directly from the conducting ‘on-state’ at 5 G₀ (G₀=2e²/h being the conductance quantum) to the insulating ‘off-state’. No stable intermediate levels are observed during the switching process, indicating a reproducible bistable reconfiguration of one single multi-atom contact rather than a deposition and dissolution of different parallel contacts. The results at the same time demonstrate the feasibility and reproducible operation of a configurable electronic device based on a multi-atom contact, which exhibits the functionality of an atomic relay or a transistor, opening intriguing perspectives for electronics and logics on the atomic scale.     

The a.c. susceptibility third harmonic component of NdO1−0.14F0.14FeAs: A flux dynamic magnetic analysis

In this contribution we present the analysis of the third harmonic susceptibility data of the new superconductor NdFeAs_1−0.14F_0.14. ‘Cole-Cole’ polar plots respect to the magnetic frequency of the exciting field are presented and discussed. Data show that NdFeAs_1−0.14F_0.14 exhibit a ‘bulk pinning’ with a 3D flux dynamic character. A comparison of the responses of high T_c materials and an evaluation of theoretical critical states is also presented.     

Structural and photoluminescence properties of thermally evaporated Cd1−xMnxS nano-crystalline films

Thin films of Cd_1−xMn_xS (0≤x≤0.5) were formed on glass substrates by resistive vacuum thermal evaporation. All the films were deposited at 300 K and the films were annealed at 373, 473 and 573 K for 1 h in a vacuum of 10⁻⁶ mbar. Atomic force microscopy (AFM) studies showed that all the films investigated were in nano-crystalline form with a grain size in the range 36-82 nm. All the films exhibited a wurtzite structure of the host material. The lattice parameters varied linearly with composition following Vegard’s law in the entire composition range. Photoluminescence studies showed that two distinct emission bands were observed for each Cd_1−xMn_xS compound. One corresponds to internal transition and the other one is due to the transition of Mn²⁺ ions in interstitial sites or in small ‘Mn’ chalcogenic clusters.     

Non-Abelian hydrodynamics and the flow of spin in spin-orbit coupled substances

Motivated by the heavy ion collision experiments there is much activity in studying the hydrodynamical properties of non-Abelian (quark-gluon) plasmas. A major question is how to deal with color currents. Although not widely appreciated, quite similar issues arise in condensed matter physics in the context of the transport of spins in the presence of spin-orbit coupling. The key insight is that the Pauli Hamiltonian governing the leading relativistic corrections in condensed matter systems can be rewritten in a language of SU(2) covariant derivatives where the role of the non-Abelian gauge fields is taken by the physical electromagnetic fields: the Pauli system can be viewed as Yang-Mills quantum-mechanics in a ‘fixed frame’, and it can be viewed as an ‘analogous system’ for non-Abelian transport in the same spirit as Volovik’s identification of the He superfluids as analogies for quantum fields in curved space time. We take a similar perspective as Jackiw and coworkers in their recent study of non-Abelian hydrodynamics, twisting the interpretation into the ‘fixed frame’ context, to find out what this means for spin transport in condensed matter systems. We present an extension of Jackiw’s scheme: non-Abelian hydrodynamical currents can be factored in a ‘non-coherent’ classical part, and a coherent part requiring macroscopic non-Abelian quantum entanglement. Hereby it becomes particularly manifest that non-Abelian fluid flow is a much richer affair than familiar hydrodynamics, and this permits us to classify the various spin transport phenomena in condensed matter physics in an unifying framework. The “particle based hydrodynamics” of Jackiw et al. is recognized as the high temperature spin transport associated with semiconductor spintronics. In this context the absence of faithful hydrodynamics is well known, but in our formulation it is directly associated with the fact that the covariant conservation of non-Abelian currents turns into a disastrous non-conservation of the incoherent spin currents of the high temperature limit. We analyze the quantum-mechanical single particle currents of relevance to mesoscopic transport with as highlight the Ahronov-Casher effect, where we demonstrate that the intricacies of the non-Abelian transport render this effect to be much more fragile than its abelian analog, the Ahronov-Bohm effect. We subsequently focus on spin flows protected by order parameters. At present there is much interest in multiferroics where non-collinear magnetic order triggers macroscopic electric polarization via the spin-orbit coupling. We identify this to be a peculiarity of coherent non-Abelian hydrodynamics: although there is no net particle transport, the spin entanglement is transported in these magnets and the coherent spin ‘super’ current in turn translates into electric fields with the bonus that due to the requirement of single valuedness of the magnetic order parameter a true hydrodynamics is restored. Finally, ‘fixed-frame’ coherent non-Abelian transport comes to its full glory in spin-orbit coupled ‘spin superfluids’, and we demonstrate a new effect: the trapping of electrical line charge being a fixed frame, non-Abelian analog of the familiar magnetic flux trapping by normal superconductors. The only known physical examples of such spin superfluids are the ³He A- and B-phase where unfortunately the spin-orbit coupling is so weak that it appears impossible to observe these effects.     

Ion-acoustic shock waves with negative ions in presence of dust particulates

Dust acoustics shock waves have been investigated experimentally in a homogeneous unmagnetized dusty plasma device containing negative ions. When the negative ion density larger than a critical concentration ‘rc’ negative shock waves were observed instead of positive shock waves. Again when it is nearly equal to ‘rc’ both positive and negative shock waves propagate. The experimental findings are compared with modified KdV-Burgers equation. The velocity of the shock waves are also measured and compared with the numerical integration of modified KdV-Burgers equation.     

A bifurcation theory for a class of discrete time Markovian stochastic systems

We present a bifurcation theory of smooth stochastic dynamical systems that are governed by everywhere positive transition densities. The local dependence structure of the unique strictly stationary evolution of such a system can be expressed by the ratio of joint and marginal probability densities; this ‘dependence ratio’ is a geometric invariant of the system. By introducing an equivalence relation defined on these dependence ratios, we arrive at a bifurcation theory for which in the compact case, the set of stable, i.e. non-bifurcating, systems is open and dense. The theory is illustrated with some simple examples.     

Searching for a near neighbor particle in DSMC cells using pseudo-subcells

LeBeau et al. (2003) [4] introduced the ‘virtual-subcell’ (VSC) method of finding a collision partner for a given DSMC particle in a cell; all potential collision partners in the cell are examined to find the nearest neighbor, which becomes the collision partner. Here I propose a modification of the VSC method, the ‘pseudo-subcell’ (PSC) method, whereby the search for a collision partner stops whenever a ‘near-enough’ particle is found, i.e. whenever another particle is found within the ‘pseudo-subcell’ of radius δ centered on the first particle. The radius of the pseudo-subcell is given by δ = Fd_n, where d_n is the expected distance to the nearest neighbor and F is a constant which can be adjusted to give a desired trade-off between CPU time and accuracy as measured by a small mean collision separation (MCS). For 3D orthogonal cells, of various aspect ratios, d_n/L ≈ 0.746/N^0.383 where N is the number of particles in the cell and L is the cube root of the cell volume. There is a good chance that a particle will be found in the pseudo-subcell and there is a good chance that such a particle is in fact the nearest neighbor. If no particle is found within the pseudo-subcell the closest particle becomes the collision partner.     

Punctuated equilibrium and power law in economic dynamics

This work is primarily based on a recently proposed toy model by Thurner et al. (2010) [3] on Schumpeterian economic dynamics (inspired by the idea of economist Joseph Schumpeter [9]). Interestingly, punctuated equilibrium has been shown to emerge from the dynamics. The punctuated equilibrium and Power law are known to be associated with similar kinds of biologically relevant evolutionary models proposed in the past. The occurrence of the Power law is a signature of Self-Organised Criticality (SOC). In our view, power laws can be obtained by controlling the dynamics through incorporating the idea of feedback into the algorithm in some way. The so-called ‘feedback’ was achieved by introducing the idea of fitness and selection processes in the biological evolutionary models. Therefore, we examine the possible emergence of a power law by invoking the concepts of ‘fitness’ and ‘selection’ in the present model of economic evolution.     

Generalized exponential function and discrete growth models

Here we show that a particular one-parameter generalization of the exponential function is suitable to unify most of the popular one-species discrete population dynamic models into a simple formula. A physical interpretation is given to this new introduced parameter in the context of the continuous Richards model, which remains valid for the discrete case. From the discretization of the continuous Richards’ model (generalization of the Gompertz and Verhulst models), one obtains a generalized logistic map and we briefly study its properties. Notice, however that the physical interpretation for the introduced parameter persists valid for the discrete case. Next, we generalize the (scramble competition) θ-Ricker discrete model and analytically calculate the fixed points as well as their stabilities. In contrast to previous generalizations, from the generalized θ-Ricker model one is able to retrieve either scramble or contest models.     

Long term memory in extreme returns of financial time series

It is well known that while daily price returns of financial markets are uncorrelated, their absolute values (‘volatility’) are long-term correlated. Here we provide evidence that certain subsequences of the returns themselves also exhibit long-term memory. These subsequences consist of maxima (or minima) of returns in consecutive time windows of R days. Our analysis shows that for both stocks and currency exchange rates, long-term correlations are significant for R≥4. We argue that this long-term memory which is similar to that observed in volatility clustering sheds further insight on price dynamics that might be used for risk estimation.     

Magnetic phase diagram of double-layered La2−2xCa1+2xMn2O7 manganite

Double-layered manganite La_2−2xCa_1+2xMn₂O₇ have been synthesized for compositions ‘x’=0.0, 0.1, 0.2, 0.3, 0.4 and 0.5 by solid state reaction method. From X-ray diffraction study, their crystal structures were found to be tetragonal perovskite with lattice parameters decreasing with increasing ‘x’. The decreasing lattice parameters affect the balance between in-plane, intra-bilayer and inter-bilayer exchange interactions, which is reflected on magnetotransport properties. The metal-to-insulator transition temperature is found to vary with composition and peaked around ‘x’=0.3. From ac-susceptibility study, 2D-ferromagnetic ordering was observed at higher temperatures for all compositions whereas 3D-ferromagnetic ordering was observed at quite low temperatures. In low-temperature region, decreasing susceptibility shows antiferromagnetic state for all compositions. On the basis of electrical and magnetic properties, a magnetic phase diagram is given.     

Aharonov-Bohm effect in a draining bathtub vortex

We study planar waves in a circulating, draining fluid flow, which: (i) exhibit an analogue of the Aharonov-Bohm (AB) effect in Quantum Mechanics; (ii) obey a Klein-Gordon equation on an ‘effective spacetime’ which resembles the Kerr spacetime of General Relativity; and (iii) may be observed in the laboratory using gravity waves in a shallow basin. We describe a modified AB effect which depends on two dimensionless parameters, associated with the circulation α and draining β rates; we call this the ‘αβ effect’. We show that the αβ effect is inherently asymmetric even in the low-frequency limit, and that it leads to novel interference patterns which carry the signature of both rotation and absorption.     

Evolutionary games on scale-free networks with a preferential selection mechanism

Considering the heterogeneity of individuals’ influence in the real world, we introduce a preferential selection mechanism to evolutionary games (the Prisoner’s Dilemma Game and the Snowdrift Game) on scale-free networks and focus on the cooperative behavior of the system. In every step, each agent chooses an individual from all its neighbors with a probability proportional to k^α indicating the influence of the neighbor, where k is the degree. Simulation results show that the cooperation level has a non-trivial dependence on α. To understand the effect of preferential selection mechanism on the evolution of the system, we investigate the time series of the cooperator frequency in detail. It is found that the cooperator frequency is greatly influenced by the initial strategy of hub nodes when α>0. This observation is confirmed by investigating the system behavior when some hub nodes’ strategies are fixed.     

Structure and dielectric properties of (Na0.50Bi0.50)1−xBaxTiO3: 0≤x≤0.10

Solid solution of (1−x)Na_0.5Bi_0.5TiO₃-xBaTiO₃ is investigated in the composition range 0.00≤x≤0.10. It is shown that the system exhibits rhombohedral structure up to x=0.055 and then becomes ‘nearly cubic’ for x≥0.06. Temperature dependent dielectric measurements reveals three peaks in the imaginary part of the dielectric constant for compositions exhibiting rhombohedral as well as ‘nearly cubic’ structures. The first of these three peaks exhibits Vogel-Fulcher type relaxation behaviour.     

Multiple scale analysis of complex networks using the empirical mode decomposition method

Empirical mode decomposition (EMD) method can decompose any complicated data into finite ‘intrinsic mode functions’ (IMFs). In this paper, we use EMD method to analyze and discuss the structural properties of complex networks. A random-walk method is used to collect the data series of network systems. Utilizing the EMD method, we decompose the obtained data into finite IMFs under different spatial scales. The analysis results show that EMD method is an effective tool for capturing the topological properties of network systems under different spatial scales, such as the modular structures of network systems and their energy densities.